Blockchain Implications for Audit and Assurance Services

Description

Are you wondering how audit and assurance services are evolving because of blockchain? Join this webcast to gain an understanding of the audit and assurance services leading practices for entities using blockchain technology. You will learn about the fundamentals and risk assessments of this new technology. We will even clarify how the role and responsibilities of an auditor may evolve in the future. By the end of this webcast, you will have the necessary knowledge to conduct these services and prepare your organization for the impact of blockchain technology.

Learning Objectives

Recall how a transaction on a blockchain is established and executed in order to determine data reliability

Recognize how the various types of wallets are created and used to prove custody and ownership

Recall how smart contract operations are evaluated to verify their claims and functions

Assess a blockchain’s consensus algorithm for reliability of transactions occurring on a blockchain

Assess risks to data input accuracy and regulatory considerations, as well as identify the users and relevance of a SOC report and when it is appropriate to obtain.

Differentiate between the audit evidence, assertions and related services that may be impacted by blockchain technology

Analyze how audit and assurance services may evolve due to blockchain.

Major Topics

Auditor’s Lens – Fundamentals of blockchain technology

Data reliability, integrity and security of blockchain technology

Risk assessments of blockchain technology

Audit evidence and assertions associated with blockchain technology

The future role of auditors and the impact of blockchain technology

Provider

AICPA

Course Level

Intermediate

Professional Area of Focus

Accounting & Auditing

Technology

CPE Field of Study

Auditing

2.5

Information Technology

3.0

Who Should Attend

Auditors of businesses and management of businesses that are utilizing blockchain technology• Auditors of businesses and management of businesses that are holding, trading or issuing digital assets • Individuals who are interested in getting a better technical understanding of blockchain technology, digital assets and the impact on a financial audit.